Comment
The Government’s controversial reforms to higher education funding - involving an increase in the cap on tuition fees to £9,000 per year and the removal of most direct funding for universities - have this month been implemented. However, the new system is substantially more progressive than its predecessor, as the richest graduates are likely to repay ten times as much as the poorest, and would even pay back more than the value of what they borrowed. Here we summarise IFS research assessing who wins and who loses from these reforms.
